Military expenditure (current USD), per unit of GDP in Late-demographic dividend

Late-demographic dividend: Military expenditure (current USD), per unit of GDP was 0.0202 current USD per US$ of GDP in 2024. ▼ Falling

Latest (2024)
0.0202 current USD per US$ of GDP
Change on year
up 10.8%
Rank
18th
of 41 groups
All-time high
0.0233 current USD per US$ of GDP
in 1994
All-time low
0.0172 current USD per US$ of GDP
in 2021
Years of data
36
1989–2024

Military expenditure (current USD), per unit of GDP in Late-demographic dividend, 1989–2024

00.0050.010.0150.020.0251989200620241989: 0.019 current USD per US$ of GDP1990: 0.022 current USD per US$ of GDP1991: 0.023 current USD per US$ of GDP1992: 0.02 current USD per US$ of GDP1993: 0.022 current USD per US$ of GDP1994: 0.023 current USD per US$ of GDP1995: 0.022 current USD per US$ of GDP1996: 0.022 current USD per US$ of GDP1997: 0.022 current USD per US$ of GDP1998: 0.02 current USD per US$ of GDP1999: 0.021 current USD per US$ of GDP2000: 0.021 current USD per US$ of GDP2001: 0.023 current USD per US$ of GDP2002: 0.023 current USD per US$ of GDP2003: 0.022 current USD per US$ of GDP2004: 0.021 current USD per US$ of GDP2005: 0.021 current USD per US$ of GDP2006: 0.021 current USD per US$ of GDP2007: 0.02 current USD per US$ of GDP2008: 0.02 current USD per US$ of GDP2009: 0.022 current USD per US$ of GDP2010: 0.021 current USD per US$ of GDP2011: 0.019 current USD per US$ of GDP2012: 0.02 current USD per US$ of GDP2013: 0.02 current USD per US$ of GDP2014: 0.02 current USD per US$ of GDP2015: 0.019 current USD per US$ of GDP2016: 0.019 current USD per US$ of GDP2017: 0.018 current USD per US$ of GDP2018: 0.018 current USD per US$ of GDP2019: 0.018 current USD per US$ of GDP2020: 0.018 current USD per US$ of GDP2021: 0.017 current USD per US$ of GDP2022: 0.018 current USD per US$ of GDP2023: 0.018 current USD per US$ of GDP2024: 0.02 current USD per US$ of GDP

Source: Statizoid (derived). Measured in current USD per US$ of GDP.

Analysis

The most recent figure for military expenditure (current usd), per unit of gdp in Late-demographic dividend is 0.0202 current USD per US$ of GDP, measured in 2024.

The figure is up 10.8% on the previous year and down 0.1% over ten years.

Over the whole period, military expenditure (current usd), per unit of gdp in Late-demographic dividend peaked at 0.0233 current USD per US$ of GDP in 1994 and was at its lowest, 0.0172 current USD per US$ of GDP, in 2021.

Late-demographic dividend ranks 18th of 41 groups on this measure, in the middle of the range.

The long-run direction has been consistently falling across the 36 years of available data.

Military expenditure (current USD), per unit of GDP in Late-demographic dividend, year by year

Annual values for Military expenditure (current USD), per unit of GDP in Late-demographic dividend, 1989 to 2024.
Year current USD per US$ of GDP Change
1989 0.0189 current USD per US$ of GDP
1990 0.0217 current USD per US$ of GDP +15.1%
1991 0.0227 current USD per US$ of GDP +4.4%
1992 0.0196 current USD per US$ of GDP -13.7%
1993 0.0224 current USD per US$ of GDP +14.5%
1994 0.0233 current USD per US$ of GDP +3.8%
1995 0.0216 current USD per US$ of GDP -6.9%
1996 0.0217 current USD per US$ of GDP +0.3%
1997 0.022 current USD per US$ of GDP +1.4%
1998 0.0201 current USD per US$ of GDP -8.6%
1999 0.0207 current USD per US$ of GDP +2.9%
2000 0.021 current USD per US$ of GDP +1.8%
2001 0.0227 current USD per US$ of GDP +7.7%
2002 0.0229 current USD per US$ of GDP +1.0%
2003 0.0222 current USD per US$ of GDP -3.1%
2004 0.0214 current USD per US$ of GDP -3.7%
2005 0.0209 current USD per US$ of GDP -2.3%
2006 0.0205 current USD per US$ of GDP -1.6%
2007 0.02 current USD per US$ of GDP -2.5%
2008 0.0201 current USD per US$ of GDP +0.3%
2009 0.0218 current USD per US$ of GDP +8.6%
2010 0.0205 current USD per US$ of GDP -6.0%
2011 0.0193 current USD per US$ of GDP -5.7%
2012 0.02 current USD per US$ of GDP +3.3%
2013 0.0202 current USD per US$ of GDP +1.3%
2014 0.0202 current USD per US$ of GDP -0.2%
2015 0.0193 current USD per US$ of GDP -4.3%
2016 0.0194 current USD per US$ of GDP +0.5%
2017 0.0184 current USD per US$ of GDP -5.4%
2018 0.0178 current USD per US$ of GDP -3.2%
2019 0.0175 current USD per US$ of GDP -1.4%
2020 0.0183 current USD per US$ of GDP +4.4%
2021 0.0172 current USD per US$ of GDP -6.2%
2022 0.0179 current USD per US$ of GDP +4.4%
2023 0.0182 current USD per US$ of GDP +1.6%
2024 0.0202 current USD per US$ of GDP +10.8%

Averages by decade

DecadeAverage LowestHighest Years
1980s 0.0189 current USD per US$ of GDP 0.0189 current USD per US$ of GDP 0.0189 current USD per US$ of GDP 1
1990s 0.0216 current USD per US$ of GDP 0.0196 current USD per US$ of GDP 0.0233 current USD per US$ of GDP 10
2000s 0.0214 current USD per US$ of GDP 0.02 current USD per US$ of GDP 0.0229 current USD per US$ of GDP 10
2010s 0.0193 current USD per US$ of GDP 0.0175 current USD per US$ of GDP 0.0205 current USD per US$ of GDP 10
2020s 0.0184 current USD per US$ of GDP 0.0172 current USD per US$ of GDP 0.0202 current USD per US$ of GDP 5

Countries ranked near Late-demographic dividend

  1. 15 Kuwait 0.0484 current USD per US$ of GDP compare
  2. 16 Turkmenistan 0.0457 current USD per US$ of GDP compare
  3. 17 Burkina Faso 0.0442 current USD per US$ of GDP compare
  4. 18 Jordan 0.0437 current USD per US$ of GDP compare
  5. 19 Poland 0.0414 current USD per US$ of GDP compare
  6. 20 Yemen 0.0397 current USD per US$ of GDP compare
  7. 21 Syria 0.0369 current USD per US$ of GDP compare

See the full ranking of 210 places →

More public sector data for Late-demographic dividend

All data for Late-demographic dividend →

Frequently asked questions

What is military expenditure (current usd), per unit of gdp in Late-demographic dividend?
Military expenditure (current usd), per unit of gdp in Late-demographic dividend was 0.0202 current USD per US$ of GDP in 2024, according to Statizoid (derived).
What is the highest military expenditure (current usd), per unit of gdp recorded in Late-demographic dividend?
The highest recorded value was 0.0233 current USD per US$ of GDP in 1994.
What is the lowest military expenditure (current usd), per unit of gdp recorded in Late-demographic dividend?
The lowest recorded value was 0.0172 current USD per US$ of GDP in 2021.
How does Late-demographic dividend rank for military expenditure (current usd), per unit of gdp?
Late-demographic dividend ranks 18th out of 41 groups with data for 2024.
Is military expenditure (current usd), per unit of gdp rising or falling in Late-demographic dividend?
Over the last ten years it is down 0.1%. The long-run trend across the full record is falling.
Where does this Late-demographic dividend data come from?
The figures come from Statizoid (derived), published as part of Military expenditure (current USD), per unit of GDP. Statizoid updates them automatically from the source API.

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Military expenditure (current USD), per unit of GDP in Late-demographic dividend. Statizoid, drawing on Statizoid (derived). Retrieved 01 September 2026, from https://public-sector.statizoid.com/stat/military-expenditure-current-usd-per-unit-of-gdp/late-demographic-dividend/

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How this figure is calculated

Military expenditure (current USD) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.

Military expenditure (current USD) ÷ GDP (current US$)

Computed from

Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.

About this data

Indicator
Military expenditure (current USD), per unit of GDP
Unit
current USD per US$ of GDP
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
210 places, 10,381 data points, 1960–2024
Last refreshed

Military expenditure (current USD) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.